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Procedure for renouncing a contract may be simplified
The law is fairly rigorous when it comes to the ability to renounce a bilateral contract. A number of conditions must be met for a contract to be effectively renounced. But may the parties to the contract simplify the procedure?
Online registration of a limited-liability company: selected aspects
An amendment to Poland’s Commercial Companies Code that went into effect on 1 January 2012 enables quick registration of a limited-liability company via internet. The “S24” procedure, as it is known, allows a company to be registered within 24 hours.
Arbitration on the agenda at the IBA European Regional Forum in Warsaw
Among the numerous sessions and workshops at the November conference of the IBA European Regional Forum, there will be a workshop devoted to practical aspects of arbitration.
Payment gridlock can push a company into bankruptcy
Companies nowadays are frequently late in paying their suppliers, which in turn fall behind in paying their own creditors. But sometimes even a few days’ delay in payment can force a debtor to file a bankruptcy petition.
Are Polish companies exporting corruption?
Transparency International reports that Poland is not enforcing the OECD Anti-Bribery Convention.
Appointment of a convicted criminal to a corporate board
Not everyone is qualified to serve on a corporate board. But what happens if a board member is appointed who is not qualified to serve?
Does automatic transfer of emissions permits to the acquirer of a plant make sense?
A proposal to amend Poland’s Environmental Protection Law would eliminate the need to transfer permits by providing for automatic passage of rights and obligations under environmental permits to the acquirer of an installation.
Leniency regime in Poland
Lawyers from Wardyński & Partners co-authored the “Poland Chapter” on Leniency Regimes – jurisdictional comparisons published by Thomson Reuters. Below we publish an excerpt from the publication.
Practical consequences of the choice of language in a contract
Wybór języka, w którym sporządzana jest umowa między podmiotami posługującymi się różnymi językami, ma niezwykle istotne znaczenie. Determinuje on bowiem wykładnię zawartych w umowie oświadczeń woli stron.
Crisis or no Crisis? The Outlook for Poland in 2012 and its Insolvency Market
An article by Michał Barłowski, a senior partner at Wardyński & Partners who heads the Bankruptcy and Restructuring Practice Group, first published in the Q1 2012 issue of INSOL World.